March 13, 2020

Smart Cards Market Trends and Research Insights By 2024

Smart Card Market: Summary

The Global Smart Card Market is estimated to reach USD 21.8 Billion in 2024 at a CAGR of 9.8%. Increasing emphasis on promoting cashless economy, increasing adoption of e-passport and e-visa services and rising demand in BFSI sector is expected to drive the smart card market during the forecast period. However, High cost and uncertainty of overseas transaction is expected to restrain the market during the forecast period. Launching of EMV card with fingerprint biometrics opportunity for smart card market.

Smart card is a physical card that include integrated chip. It is mostly use for security identification, payment application and in digital platform. Some key players in smart card are Gemalto NV, Cardlogix Corporation, Giesecke+Devrient GmbH, Infineon Technologies AG, IDEMIA, NXP Semiconductors, and ASSA ABLOY among other.

Smart Card Market: Report Scope

The report on the global market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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Smart Card Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into contact smart cards, contactless smart cards, hybrid smart cards, duel interface cards, memory smart cards and microprocessor smart component, the smart card market is segmented into memory based and microcontroller based. by end use industry the market is segmented into BFSI, retail, healthcare, government, IT & telecommunication and others.

SMART CARD Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

SMART CARD Market, by Type

· Contact Smart Cards

· Contactless Smart Cards

· Hybrid Smart Cards

· Duel Interface Cards

· Memory Smart Cards

· Microprocessor Smart Cards

SMART CARD Market, by Component

· Memory Based

· Microcontroller Based

SMART CARD Market by, End-Use Industry


· Retail

· Healthcare

· Government

· IT & Telecommunication

· Others

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SMART CARD Market by Region


· China

· Japan

· South Korea

· India

· Taiwan

· Rest of Asia-Pacific

North America

· US

· Canada

· Mexico


· Germany

· Russia

· France

· Italy

· UK

· Spain

· The Netherlands

· Rest of Europe

Middle East and Africa

· Saudi Arabia


· Rest of Middle East & Africa

South America

· Brazil

· Argentina

· Rest of South America

Companies Covered

· Watch data Group (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

· Gemalto NV

· Cardlogix Corporation

· Giesecke+Devrient GmbH

· Infineon Technologies AG


· NXP Semiconductors


· Other Key Companies

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Key Questions answered by the report

· What are the major developments impacting the smart card market and its growth?

· What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?

· What are the evolving types of the smart card market?

· What are the evolving applications of smart card market?

· What are the major characteristics that will affect the global market growth during the study period?

· Who are the key players operating in the smart card market?

· How are the major players leveraging in the existing market conditions?

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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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